All Posts Tagged With: "Budget"
Treasury Secretary Says Deficit Cuts Do Not Constitute an Economic Policy
Jacob Lew the Secretary of the Treasury said on Tuesday that lowering the deficit in the country should not overshadow how it important the need is to boost the country’s economic growth and the creation of jobs. Lew said as important as it was to lower the deficit it cannot be a guiding star. Just [...]
Furloughs at FAA Kick In
On Sunday, most of the commercial airline flights took off as scheduled in the country. It marked the first day that furloughs stared for air traffic controllers that resulted from the spending cuts in the government. By late evening, there were some noticeable delays at the three large airports in the New York/New Jersey area. [...]
Obama Sends Budget to Congress
Bipartisan broadsides came at President Obama after he handed Congress his budget proposal for 2014 on Wednesday. The White House’s intent was to please both Republicans and Democrats yet it succeeded in angering both. The spending plan of $3.77 trillion, which is two months late being delivered to Congress, attempts to curb the deficits by [...]
White House Denies the Use of Scare Tactics
While President Obama continues to warn how painful the budget cuts will be that will take hold on Friday, Republicans in Congress have started to accuse him of using scare tactics. Republicans have said it has been orchestrated with the precision of a campaign for the presidency, as each day another warning about the calamity [...]
Obama Urging Lawmakers to stop Sequester
The clock is ticking towards March 1 for the automatic spending cuts to start. President Barack Obama is urging Congress to find an alternative plan in order to stave off the huge cuts. Obama, says White House officials, will point out the negative effects the sequester – $1.2 trillion in cuts over 10 years - [...]
House Republicans Pass Symbolic Bill on Debt Limit
Republicans in the House passed a legislation that calls for a limit on spending by the federal government and an amendment to the constitution that would try to decrease the budget deficit. It would not progress in the Senate. President Barack Obama said that they should already consider a solution to solve the budget problem [...]
Daniels to Announce Whether to Run for President or Not
Indiana Governor Mitch Daniels is nearing his deadline to declare whether he would run for president or not. In the final week of the state’s legislative session, he’s pushing for a balanced budget, school voucher program and tax refunds. This week, Mississippi Governor Haley Barbour announced that he would not seek the Republican nomination for [...]
Ryan Plan to be approved by House Republicans
The United States House is set to pass the budget that would demand more spending cuts and amend the Medicare. This will mark the start of the next budget battle that would be the main focus of next year’s presidential election campaign. The legislators just approved the budget that would cut $38.5 billion for the [...]
Alabama Republicans Support the Stopgap Spending Bill
House Republicans from Alabama supports the bill that would fund the federal government for another week as the congressional leaders discuss further the budget for the rest of the present fiscal year. They said that the soldiers should be paid for protecting the nation. The vote for the stopgap spending measure was 247-181. The bill [...]
California Governor Still Waiting for Republican Term Sheet
The California budget is at a standstill as Governor Jerry Brown is still waiting for the Republicans legislators to state what they need in return for their votes in support of the proposed special referendum to extend tax increases. Brown set a meeting with a few Republican lawmakers to discuss the budget. The Democratic Governor [...]
